Loyakk Vega: Decentralized Business Relationship Blockchain?
Loyakk develops business solutions for enterprises which is used by blue chip corporates for their relationship management. The Loyakk Vega product will offer decentralized business to business engagement which is made possible through the Blockchain network. The Loyakk token will be floated soon through an ICO to help develop the Vega Blockchain solution.
Loyakk VEGA’s Mission
Loyakk seeks to change the way businesses interact in a decentralized economy that has a global network of participants. Some of the major challenges that businesses face today is data security, privacy issues, contract disputes as well as limited governance. These challenges lead to loss of billions of dollars by companies through lost revenues.
The Loyakk Vega business solution seeks to address these issues through a platform that operates using Blockchain technology. Loyakk Vega has been developed specifically for business to business interaction on the Blockchain, through this platform, there will be sharing of valuable data, communication interfaces and smart contracts that will accelerate movement of value.
Loyakk Vega Platform
The platform has a patent pending Blockchain system that’s fully stacked. The following are the layers of the Loyakk Vega Business relationship platform:
- Application services – Entails customer management, partner management, channel management, vendor management, distribution management
- Relationship management – relationship modelling, relationship orchestration, relationship analytics, permissioned experience
- Business services – Content services, messaging, value movement, contract management, business intelligence
- Blockchain core services – Event monitoring, management of smart contract, identity management, Loyakk token, transaction manager, validation manager, crypto manager
Benefits of the Loyakk Vega Platform
- It secures and streamlines the way information is shared, collaborated and the engagement of users of a given business network.
- Users have access to view certain data on the network depending on identity and the context of the business.
- Movement of digital assets is facilitated through a secure platform that’s timely and accurate.
- Streamlining and acceleration of complicated deals that involve multiple parties through the use of smart contracts. This minimizes disputes since data is easily verifiable and can be proven.
- Standardization of data that has come from different sources into one common version that members of the network can all agree on.
- All data on the platform can be verified independently by customers, regulators, auditors and partners which brings about transparency.
Loyakk Vega Token
The Loyakk token is what will power everything on the Loyakk Vega platform. The token is essentially a utility token that’s necessary for carrying out any transaction on the platform. Interactions on the Vega platform are a combination of micro-services and each little service requires the Loyakk token. As the numbers of transactions grow, the use of the token also increases.
Participating in the Loyakk ICO will provide an investor with an opportunity to invest in a token that’s set to disrupt the way business to business engagement is done using Blockchain technology. The use case for this platform is across various industries while the team behind it is experienced in how blue chip companies operate. The timelines for the ICO will soon be announced but a whitepaper is already in place.